2023 Annual Comprehensive Report

- 21 Exhibit A-7 Page 8 of 8

General Fund Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2023

Variance with Final Budget

Original Budget

Final

Positive (Negative)

Budget

Actual

Intergovernmental: Guilford County: Tax Collections

$

874,500 804,597

$

874,500 804,596

$

1,028,775 694,355

$

(154,275) 110,241 (81,234) 7,080 (1,797) 10,500 (103,985) 5,500

Animal Shelter and Animal Control Environmental Health Control

5,500

5,500

State of NC RMV Collections

525,000 65,200 61,000 10,500 2,346,297

525,000 65,200 61,000 10,500 2,346,296

606,234 58,120 62,797

Educational Access Guilford County Schools

Piedmont Triad Regional Council

National Guard Armory

Total Intergovernmental

2,450,281

Other: ARPA-Enabled Projects Principal Maturities

15,364,289

729,373 842,301 10,585 1,582,259

14,634,916

(842,301) (10,585)

Interest

Total Other

15,364,289

13,782,030

Total Expenditures

319,018,356

334,468,708

308,382,730

26,085,978

Excess of Revenues Over Expenditures

53,584,950

38,777,198

60,633,415

21,856,217

Other Financing Sources (Uses): Debt Issuances: IT Subscription Liability Issued Transfers In: State Highway Allocation Fund American Rescue Plan Act Street Improvements Bond Fund

1,976,703

1,976,703

5,646,000

5,646,000 56,356,997

5,646,000 56,422,845

65,848

720,000 6,366,000

720,000

720,000

Total Transfers In

62,722,997

62,788,845

65,848

Transfers Out: Cemetery Operating Fund State and Federal Grants Fund

479,276

479,276 131,537

479,276 136,395

(4,858)

Debt Service Fund

40,104,000 362,361 3,400,000 3,563,273 1,830,537

40,104,000 38,972,013 3,400,000 3,563,273 1,830,537 990,000 1,818,056 1,500,000 8,711,503 101,500,195

40,104,000 38,972,013 3,400,000 3,563,273 1,830,537 990,000 1,818,056 1,500,000 8,711,503 101,505,053

General Capital Improvements Fund

Coliseum Fund

Parking Facilities Fund

Solid Waste Management Fund Employee Risk Retention Fund General Risk Retention Fund

Capital Leasing Fund

1,500,000 8,711,503 59,950,950

Guilford Metro Communications Fund

Total Transfers Out

(4,858)

Total Other Financing Sources (Uses)

(53,584,950)

(38,777,198)

(36,739,505)

2,037,693

Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing (Uses)

$

$

23,893,910

23,893,910

Fund Balance - July 1

102,739,942

102,739,942

Fund Balance - June 30

$ 126,633,852

$ 126,633,852

The notes to the financial statements are an integral part of this statement.